Please show all work!!! handwritten if possible and using no excel!!

23. Elmer Sporting Goods is getting ready to produce a new line of golf clubs by investing $1.85 million. The investment will result in additional cash flows of $525,000,$812,500, and $1,200,000 over the next 3 years. What is the payback period for this project? a) 2.43 years b) 1.57 years c) More than 3 years d) 3 Years